Bank of Montreal Can Sells 57,723 Shares of Keysight Technologies Inc. $KEYS

Bank of Montreal Can lowered its position in Keysight Technologies Inc. (NYSE:KEYS) by 32.1% during the 2nd quarter, HoldingsChannel reports. The fund owned 122,172 shares of the scientific and technical instruments company’s stock after selling 57,723 shares during the period. Bank of Montreal Can’s holdings in Keysight Technologies were worth $20,019,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Meridian Management Co. lifted its stake in Keysight Technologies by 9.1% in the second quarter. Meridian Management Co. now owns 35,634 shares of the scientific and technical instruments company’s stock worth $5,841,000 after purchasing an additional 2,980 shares during the last quarter. Versor Investments LP purchased a new position in Keysight Technologies during the 2nd quarter valued at $819,000. Plato Investment Management Ltd boosted its holdings in Keysight Technologies by 210.9% during the 2nd quarter. Plato Investment Management Ltd now owns 11,636 shares of the scientific and technical instruments company’s stock valued at $1,900,000 after acquiring an additional 7,893 shares during the period. Kesler Norman & Wride LLC grew its position in Keysight Technologies by 3.7% in the 2nd quarter. Kesler Norman & Wride LLC now owns 5,639 shares of the scientific and technical instruments company’s stock valued at $925,000 after acquiring an additional 199 shares during the last quarter. Finally, Geneva Capital Management LLC increased its stake in Keysight Technologies by 11.1% in the second quarter. Geneva Capital Management LLC now owns 281,627 shares of the scientific and technical instruments company’s stock worth $46,147,000 after purchasing an additional 28,240 shares during the period. 84.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on KEYS. Barclays lowered their target price on shares of Keysight Technologies from $200.00 to $195.00 and set an “overweight” rating for the company in a research note on Wednesday, August 20th. Morgan Stanley reissued an “equal weight” rating and issued a $180.00 price objective on shares of Keysight Technologies in a research report on Friday, October 10th. Jefferies Financial Group began coverage on shares of Keysight Technologies in a research report on Monday, October 27th. They set a “hold” rating and a $180.00 target price on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Keysight Technologies in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. increased their price objective on Keysight Technologies from $177.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, July 17th. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $186.56.

Keysight Technologies Trading Down 2.4%

NYSE:KEYS opened at $180.64 on Friday. The firm has a 50-day simple moving average of $171.60 and a 200-day simple moving average of $164.22. Keysight Technologies Inc. has a one year low of $121.43 and a one year high of $187.67. The firm has a market cap of $31.04 billion, a P/E ratio of 57.53, a P/E/G ratio of 2.38 and a beta of 1.22. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.94 and a current ratio of 3.59.

Keysight Technologies (NYSE:KEYS) last issued its quarterly earnings data on Tuesday, August 19th. The scientific and technical instruments company reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.05. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. Keysight Technologies had a net margin of 10.36% and a return on equity of 19.53%. Keysight Technologies’s revenue was up 11.1% compared to the same quarter last year. During the same period last year, the company posted $1.57 earnings per share. Keysight Technologies has set its Q4 2025 guidance at 1.790-1.85 EPS. FY 2025 guidance at 7.090-7.090 EPS. Equities analysts anticipate that Keysight Technologies Inc. will post 6.32 EPS for the current fiscal year.

Insider Activity at Keysight Technologies

In related news, SVP Ingrid A. Estrada sold 2,000 shares of the company’s stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $173.98, for a total transaction of $347,960.00. Following the completion of the sale, the senior vice president directly owned 106,590 shares in the company, valued at $18,544,528.20. This represents a 1.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.61% of the company’s stock.

Keysight Technologies Profile

Keysight Technologies, Inc provides electronic design and test solutions to commercial communications, networking, aerospace, defense and government, automotive, energy, semiconductor, electronic, and education industries in the Americas, Europe, and the Asia Pacific. The company operates in two segments, Communications Solutions Group and Electronic Industrial Solutions Group.